Natural Fragrance Market Set to Reach New Heights: Key Trends, Opportunities and Drivers

 Breaking News
  • No posts were found

Natural Fragrance Market Set to Reach New Heights: Key Trends, Opportunities and Drivers

April 26
19:46 2023
Natural Fragrance Market Set to Reach New Heights: Key Trends, Opportunities and Drivers
Browse 69 market data Tables and 42 Figures spread through 115 Pages and in-depth TOC on “Natural Fragrance Market”
Natural Fragrance Market by Ingredients (Essential Oils, Natural Extracts), Application (Fine Fragrances, Personal Care & Cosmetics, Household Care), and Region (Europe, North America, APAC, South America, Middle East & Africa)

The natural fragrance market size is projected to reach USD 4.3 billion by 2024, at a CAGR of 9.6% between 2019 and 2024. Natural fragrance is a blend of complex fragrance compounds, which are made up of natural aromatics. These natural aromatic are made by extracting the volatile fractions from plants physically, without chemically altering them. These fragrances are mainly used to impart an appealing odor/scent for several fragrance applications.

Download PDF Brochure:  

Based on ingredients, natural fragrances are segmented into essential oils and natural extracts. The essential oils ingredient segment accounted for the largest share, in terms of value, in 2018. Dominance is attributed to the growing demand for natural & organic products. Additionally, changing lifestyle and preferences of consumer’s acts as a driver.

Based on application, the natural fragrance market is segmented into fine fragrances, personal care & cosmetics, and household care. Fine fragrances application accounted for the largest share of the market in 2018, in terms of value. This is because of the increasing demand for fine fragrances applications such as perfumes and colognes. Personal care & cosmetic application is estimated to be the fastest growing segment during the forecast period.

Request Sample Pages: 

Europe is estimated to be the largest market for natural fragrances during the forecast period, in terms of value. Increasing disposable incomes of middle-class populations in emerging economies of the European region, coupled with the flourishing personal care industry, make the region an attractive market for natural fragrances. The usage of personal care, grooming, and hygiene products have increased tremendously. The use of cosmetics is not restricted to women as the industry has been able to gain the attention of men and teenagers as well by investing on the growing consciousness regarding personal hygiene and grooming among everyone. It has helped the personal care & cosmetics segment to flourish in the European region. Hence, the demand for natural fragrances in these products is also estimated to be high.

Givaudan SA (Switzerland), Firmenich SA (Switzerland), International Flavors & Fragrances (US), Symrise AG (Germany), Takasago International Corporation (Japan), Mane SA (France), Robertet SA (France), Sensient Technologies Corporation (US), T. Hasegawa Co., Ltd. (Japan), and Bell Flavors & Fragrances (US) are the leading manufacturers of natural fragrances. These players are focusing on new product launches to cater to specific demands of end customers and expansions to increase their geographic reach. Besides, they have adopted the strategy of acquisitions to increase their market reach, enhance their product portfolio, and strengthen their market positions.

Inquiry Before Buying:  

About MarketsandMarkets™ 

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. 

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. 

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The Knowledge Store™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. 

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States

Related Articles